Finance officials at embattled car maker Volkswagen AG are evaluating the impact of the company’s emissions-cheating scandal on its finances, and assessing options should the crisis take a greater-than-anticipated toll on its €25 billion ($28 billion) cash cushion, people familiar with the matter said.
Volkswagen faces hefty costs, fines and damage claims after U.S. environmental regulators said last month that Europe’s largest auto manufacturer intentionally installed software in some of its cars that allowed the vehicles to perform better on emissions tests than they would on the road.
The company, which owns brands ranging from Skoda to Bugatti, has since said the software was installed in about 11 million vehicles world-wide, but may not be activated in all of them. The revelations led to the resignation of Volkswagen’s chief executive and wiped out roughly 40% of its market capitalization.
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